Hahaha aiyo all fake. Where got server room and traders. They don't need to trade, just need make fake result, money pour in by the greedy victims non stop already.

The tech team most likely operate in malaysia

@acute_flash

Bravo, you have strong heart 💓. Weak people cannot cutloss. You need courage and balls to do that.

Under your situation, a lot won't have balls to accept the reality and do the right thing.

Your decision is well executed, "$0.30 is better than $0".

Soon, the rest of them will feel what it is to be $0.00.

They should change the trip to China. Since currently the only way to save the Ponzi from bursting is to be able to offload all "fake profits" generated in the system to China Victims.

Only china has such a quantity of victims with money to spend buying Ponzi coins now.

Not bad to flood 3000ppl trip there to make a big promo scene in China.

Seems like this is the only way to sustain the Ponzi for another 🌊 wave.

Its not that the company doesn't want to pay the withdrawal at 1:1.

The company does not have all the money in the first place. All these while, the company responsible to generate the story, platform and the fake profits "digits in the system" only.

80-90% of the deposit is made via P2P, upline selling the fake profits to new victims. Net deposit to the company always at around 10-20% only.

When the P2P cannot handle already, the numbers in the system grew too much while actually the number is not backed with money in bank nor LP. Company start to experience negative cash flow, where by they are forced to buy back the fake profits using real money because the P2P cannot digest all volume already.

The company created the TFX coin which has no value to replace the money in system. This TFX is suppose to enable a larger scale of P2P which experiencing bottleneck to process the withdrawal via Upline (close loop) to a Global Loop via TEX.

So, the money is not there in the company, not that the company doesn't want to pay. The company is making effort to promote a globalize P2P for all client to sell the fake profits to new victims more efficiently.

The company business model is provide a platform that generate fake profits and they make around 10-20% gross from the new monthly deposits and 80-90% of the deposit goes to the pocket of the Upline selling the fake profits.

This is typical Ponzi model.

As I know from my friends actively playing in this kutu system, they already experience this problem earlier. but after launching the promotion to "trip to cyprus", the demand surged and deposit is once again more than withdrawal via p2p. At that time they tried to push everything to china also but not successful.

The "deposit" surge from last last year from the promotion resulted in a much larger deficit and the withdrawal is way way more than the deposit via p2p forcing for the implementation of a new P2P to sell the fake profits to larger audience.

Currently the pool is too large already, actually the value can maintain at $0.28 is consider not bad already.

Actually I don't think this is the case.

They just switch from the digital USD to TFX. There is no real "old" USD being held in LP. It is actually Fake USD to real TFX.

USD is fake because it's not backed with real funds. That's why withdraw is jammed and cannot be paid even with usdt.

TFX is real because it's a worthless blockchain coin, but can be dispose at TEX base on market price.

This is a Ponzi Scheme.

So far all the fake profits is cashed out from new victims via p2p. Since now ppl wanna WD the fake USD and company has no money to pay the wd, they turn it to TFX.

Because if leaving it in USD digits is a problem for the company. People could request to withdraw, if they change it to TFX, they don't need to pay anything.

If the 10B is real, the company would have close the whole system now. No need to create new program and pay higher return and pay locked leaders higher return.

I would just close the company now, if my $10B is real fund. Then I would ask the FM to trade that 10B to product 10-20% monthly and pays the WD. Withing 4-6months I would be able to pay WD of all old clients. And I get to keep the $10B and generate $1-2B profits every month myself.

Why would i bother to keep the system running like now when the company make billions themself.

If TFX client still wanna believe this is legit investment, their stupidity is not at the level "way way beyond this universe", not just beyond stupid.

Happy CNY.

This is a Ponzi model, trade are all fake all this while.

If it is Real USD, it has goes into the company from client deposit. However, in Ponzi model, most of the deposit (around 80-90%) happened via p2p - Upline selling fake profit to new victims rather than deposit to the company.

Therefore, there is no real deposit held. That's why if refer to TFX cysec audit, client deposit= $0.

There is no fiat USD that back the USD digits (10B) in the system now. That is why the company need to swap it to TFX.

Actually client thought company swap real USD to useless TFX.
But in actual fact, what happened is the company actuay swapped the FAKE USD digits to a REAL blockchain coin TFX.

That's why the fake USD cannot be withdrawn...WD jammed since Sep/Oct 2022. It is actually Fake and not backed by Fiat.

On the other hand, TFX is real. You can sell anytime at market rate base on actual supply & demand via closeloop TEX.

You get it right? Actually is swapping fake USD to real TFX
Not the contrary. Client thought the other way around because they don't understand what happened. They are not literate in this matter.

In real brokerage setup, usually they will use a less strict licence to sign up the clients ...e.g. off shore licence which is more flexible.

Clients - sign up at XYZ (Maldives,schelleces,Vanuatu) and then the XYX would park the fund under their entity with proper licence like (FCA,cysec, ASIC) via B2B.

In TFX they are purely using the cysec entity as smoke screen to dupe client that TFX is indeed a licenced broker. They don't even use the cysec licence entity to hold and secure their client deposit.

USD in the system actually back with company fiat funds, probably 2% of the $10B at this moment.

Previously, it was back with "demands of client victims" willing to buy at 1:1 via p2p. That's why all these while, client feels that their USD are real and funds are being held by the company at LP.

Currently, the company swap it to open market demand (TEX). The value we see in TEX now is actually demand value of the fake USD in the system.

Both USD digits in the system and TFX are the same thing actually.

It's just a switch of settlement system now. Because the old P2P can no longer cater to sell all the fake profits. Company force to buyback the fake USD by paying client withdrawals.. up until the point they couldn't afford it, WD is jammed.

Under this ponzi model, there is no "deposit" actually. The USD digits or TFX are actually back by demand only.

That's why you see the term the company use to explain current problem = "confidence issue".

The confidence issue, affects the demand for TFX.

There is no way for company to pay the old USD because it does not exist in the first place.

The company didn't expected so big reaction from this swap because they never expected so many ppl think this is legit investment.

Hope it is clear enough.

Old system.

The fake USD in the system is re-purchase by

1) new victims via p2p

2) company act as buffer to absorb and pay the extra some months if deposit is less than withdrawal. They make back profit in months where deposit is more than withdrawal.

So client get 1:1 under this settlement system.

Current TFX settlement:

1) new victims can purchase from TEX (ACTUAL MARKET DEMAND)

2) COMPANY restricting the buffer to $10M/day (this fake too) because right now the demand is low, as reflected in the TFX price of Below $0.30.

Both fake old USD and TFX is the same thing. Both no value, unlimited minted digits.

You get it right?

As explained, the fiat money withdrawal previously comes from

(1) new victim deposit via p2p

(2) excesses is paid by the company, and company act as tier2 p2p. Some upline need more "USD", more than the fake profit that their group has. The company match it to other upline that has higher demand for USD.

This is the settlement system use previously. And this system gave all client an illusion that their funds in system is 1:1. It's is not the case since the beginning.

The company need to switch to TFX to stop their bleeding (2) paying the excess withdrawal before they bust.

YES. There is no actual USD in client account all this while. The trades and the numbers USD are just a digits in the system.

Yes. Those are the excess paid by from the broker buffer. The company act as a tier 2 p2p. They also buy from clients and sell them to some Upline that has more deposits than withdrawals.

The company of course make profit all this while, but the buffer funds maybe is at ratio of 2% to USD in the system. It's critical and they no longer can continue to pay the excess withdrawal. That's why all WD jammed and switch over to TFX.

1) this business model is profitable earlier, of they want to try to save this business if possible. They are a little bit too slow in implementing the TEX system, if they manage to deploy it 4-5months earlier (before they cannot pay the withdrawal which affect the confidence issue), they will most likely be successful. TFX is a more efficient settlement system. Imagine if they launch this in June 2022. This would be a upgrade and will cause the "demand" to surge pass 1:1. This would be a success.


But currently the WD problem is too serious already and by this time a lot of clients especially the new victims (join for few months) already know this is a Ponzi scheme.

If they wipe off now with a fake lost like MIA, CPmarkets or JJptr it is difficult to restart. Its now easy to build (even got a Ponzi) to size of triumph. Like I said earlier, they are a very successful Ponzi model. Bear in mind, many leaders that start building the network assuming that this is a legit investment. That's how they grow to this size.

If they fake a lost now. Then it's difficult to rebuild back.

Right now, the confidence 100% cannot build back already.for simple reason:-

1) confidence is high when withdrawal is fully paid.

Right now, they making the matter worst by introducing higher returns program to stop ppl from WD and to induce the upline scammer to continue scam people. This increase the fake money at a rate higher than previously...

The only way the system can be save is they manage to open China market and sell all the fake digits to china Victims.

When they manage to do that, means WD and value of FTX will go up and restore confidence, and restore demand. Price will go up.

But probably there are $2B-3B to be paid by china victim before this can happen.

Do you think China victim will come into the Ponzi by buying in volume of $2-3B in short time like within 2months...?

Maybe they can hire me as consultant ?haha.

Since I dont have the exact numbers I cannot make an accurate simulation.

I think there is still away to save the Ponzi. But the measure s are drastic and maybe they face a lot of resistance from the upupup - line leaders.

1) lock all USD capital, all fake deposit can no longer WD.

2) all profit to be paid by TFX only, only can sell at open market TEX at market rate

3) buang "the pop up buy back crap", replace with scammer reward system. If find you can new victims (e.g. $10k, I will allow you to cash out 10% at 10:1 for your capital locked).

4) stop all rubbish high return program for leaders that will make the situation worst since it create more fake USD/TFX that will further slide the demand

So this will reset the system, and the game can continue to run.

1) people can continue to cash out their profit via TEX at market rate, most likely will surge back to near 1.

2) locked capital, still got a way out if you willing to bring in new players (victims)

3) many ppl will come in play again (like reset)

China as stringent financial control over cash in bank there. Possibility those nett deposit they receive from China cannot be bring out completely also and they just return those money stucked in the bank there... Probably It's a new market that time, mostly new deposit at that time.

Or maybe this incident cause triumph fiat USD buffer to deplete.

No idea for sure...or maybe this deficit has been filled with clients rushing in to deposit to qualify for the Trip to Triumph Office in Cyprus. Hahahaha

I think ppl will still join at 0.26, Malaysia has a lot of Ponzi loving clients. Money game make up a big portion of total investments in Malaysia .

They need to replace lottery system with new scammer remuneration scheme. You can only cash out 10% of new victim funds u activated each time as suggested.

Then this Ponzi can continue already...

Ya, they will not collapse already. We usually refer to collapse as "non-payment by the company". Ask you said, the company already replace the fake USD with real TFX. It won't collapse d... Maybe if they don't do anything, and continue going on like this...value of TFX will continue to drop 0.26 further... But I suspect the company already holding the price here by buying TfX from tex at price between $0.25-0.28 to hold the value here. Actually value base on demand now should be lower than $0.25.

No. It doesn't work this way. The USD numbers on display are back with $0 fiat. It doesn't back with fiat.

The structure works this way:

(1) the company create the story line and the fake FM to produce the "track records" to induce clients to invest.

(2) when client deposit $1000, it will appear as $1000. In the system. The $1000 is transferred from upline from the fake profits, and incase upline does not have enough fake profit to sell, they will "buy" USD from the company.

(3) the company capture nett deposit as profit (instead of holding the funds to back the fake USD digits)

(4) so all deposits coming in "fiat" money will go to upline selling the fake profits and excess will go to the company.

(5) the company normally will keep the "profits" as a buffer to keep the scheme going on.

(6) when the program heats up the the market, deposit will be more than withdrawal. Thus all the excess funds will go into company various account as "profits".

(7) they use the profits buffer to keep the scheme rolling.when months where withdrawals exceeded deposit, the company will use this "profits" buffer to buy it 1:1 from upline (process wd from company directly).

(8) they use this model to sustain the "demand" of the USD digits. As long as when you want to sell Ur USD, someone be it company, or upline buys it from you 1:1 you will assume that your USD digits in the system as good as USD fiat.

(9) so the entire USD fake digits are not back with fiat USD. It's back with a demand to buy that USD at 1:1.

(10) when the engine running smooth, demand is high. The broker enjoys positive cashflow. Profits buffer increases.

(11) some Ponzi will run away when the profit pools achieve desired amount; some like TFX, they want to turn this Ponzi into a sustainable Ponzi by replacing the fake USD with real TFX blockchain coins.

So for the entire 11B usd system funds, they are backed by $0 fiat. But, the company might have some funds left in the profit buffer, e.g. $150M 200M. But looking at the etherscan data, it seems like the company is quit low on funds already.

I think currently their funds is at the ratio

$11B USD system digits : $0 fiat in custody : $50M profit buffer left

The company profit buffer already no longer can sustain the demand at 1:1 because they could not buy back all the withdrawals, that's why the WD start jammed.

So with the little cash left, the company came up the plan to swap the fake USD to real TFX and let the TFX settlement to be done at TEX (SETTLE BY MARKET SUPPLY AND DEMAND), instead of the old system.

The old settlement, the company need to buy the excess withdrawal to stabilise the demand at 1:1. As long WD is paid with fiat 1:1, client will make assumption that their USD in digital are real.

It is not real. It is not back with fiat money. It's merely back by "demand". Same like the US dollar. It doesn't back with gold. It back by "demand". If u audit USD dollar right now, America will go bankrupt instantly.

I can see that the company are desperate now and made wrong decision.

They make new program that create more fake profits and paid those upline scammer more fake profits. They hope that this will increase the confidence thus increase the demand for the Scheme and pushed the TFX price up.

This is wrong move, this increases the amount of fake profit more than the demand can grow..... So the longer this drag on, the more TFX in circulation, they harder the price can restore above $0.30

They made a wrong move heading south now.

There is no reliase or unrealise profit here

You are right, the only real fiat is when u put in "deposit". And the when u cash out. The rest are all fake entirely.

Investors assumptions.

When I deposit fiat money into TFX, the fiat is held by the company and backs the USD digits in the system.

They strengthen their believe that all the USD digits are back with fiat money held by the company because when they request withdrawal it is paid 1:1.

This assumption is wrong.

Previously the system still healthy, the scheme can sustain the "demand" at 1:1.

Right now, the company buffer to buy back excess USD (to pay client withdrawal) depleted already. The company can no longer sustain the demand at 1:1.

They changing the fake USD with real TFX. Essentially when they change this, what happen is the company no longer need to sustain the demand at 1:1 to pay withdrawal.

When u withdraw now, it will pay at "market demand" the price of real supply & demand at TEX.

So company does not need to fork out money.

Company make wrong assumptions tat the demand will still be high when they switch over to TFX. The problem is the investors are more stupider than the company expected. And seems like all of them cannot understand why the company switch to TFX thus causing the confidence to drop drastically and drag the demand down.

As I can see, the company already stepped in behind the scene to stabilise the price at 0.28 instead of using the remaining buffer to pay 1:1 jackpot popup.

The real value for TFX should be below $0.15 now..

NOP. The company didn't take the USD collected previously.biggest chunk is with the upline. The upline has more profits than the company.

In old system, the USD is not held in the company. U didn't get what I m trying to explain yet. There is No Money held in the company to back the 10B. So it is wrong to say the company keep all the real USD. It's not there. N/A.

This is one of the way to save the whole Ponzi..other that this way, unless they can scam loads of china client to deposit $2-3B in short time. Else there will be no way out because the scheme already snowball too big.

1) The FM profits are fake.

2) the total real fiat money circulated in/out is around $3B. Most of this funds has been spend by investors and upline in the market as they thought they are spending "profits".

3) total $10B includes compounding fake profit which is non existence. The funds is back with no real fund.

4) the company is low on cash already now, at critical level. That's why they already can foresee old system will collapse soon, they switch to TFX settlement system.

1. Some part goes to company as profit when deposit is more than withdrawal. As for the fake profits, it being cash out by the upline via p2p. Means when u deposit via p2p, Ur deposit goes to your upline and he transfer digits to you. So all the money deposit by investor is not with the company. The upline took it via p2p.

(2) from demand. Deposit to the scheme is demand. Settle by p2p. E.g. when u withdrawal from upline via p2p, Ur upline scammer leader take Ur USD and settle to other people that deposit. Is back by "demand".

(3) yup this is how the stupid brain investor works.

They merely cash out the real money from new victims (demands).

Real money in their bank comes from real money by new victims. It does not mean the money come from profit generated by the FM. Just like when they started the scheme, they deposited real money to buy the Fake USD. Their real money goes to the upline selling the the fake USD via p2p or they'deposit to the company to buy the fake USD from the company.

Money in is real. Money out is real. Then rest are fake.

Yes. They don't understand it because they have no exposure in this industry.

I have some, I have worked with brokers, I have worked with investment trading firm, and I have Ponzi bosses as clients before.

Yes, exactly.

Deposit are real money. Withdrawals are real money. The rest are all fake.

There will be no other investment firm operating at this scale with this model simply because this model doesn't work in reality. Only can work in dream (Ponzi scheme).